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September 24, 2018
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SOUTHERN CALIFORNIA NEWS
Archive
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• Anthem Blue Cross Takes 169k sf of Office Space in Woodland Hills
8/10/18
Anthem Blue Cross is relocating to Campus @ Warner Center, an office project in the western San Fernando Valley and one of just a dozen new institutional-caliber office developments built in Los Angeles in the last decade. An...
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• Luxury Res Community in Costa Mesa Opens to the Public
8/10/18
580 Anton, a new five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, has just opened to the public. The project is a development of Legacy Partners. Legacy acquired the land in May 2015 i...
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• Carlsbad Office Complex Fetches $17.4 Mil
8/10/18
In a recent Carlsbad office buy, Coseo Properties Inc paid $17.4 mil for a modern, 99.8k sf ($174/sf) office complex, situated within the prestigious 560-acre Carlsbad Research business/R&D park. The “best-in-market” creative...
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• TruAmerica Multifamily and Intercontinental Real Estate Corporation Buy 527-Unit TOD Apartment Community in La Mesa
8/09/18
TruAmerica Multifamily has teamed up with Intercontinental Real Estate Corporation in the purchase of the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at G...
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• The Associates Equity Fund Buys 129k sf Ventura County Industrial Facility
8/09/18
The Associates Equity Fund has acquired a 129k sf, R&D facility in the Ventura County city of Moorpark for $7.65 mil, or $59/sf. The facility was purchased from Los Angeles-based investment firm Maxxam Enterprises. The prope...
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• $10.25 Mil Buys 35-Unit La Mesa Res Property
8/09/18
In La Mesa, RM Realty paid $10.25 mil for Enclave at Lake Murray, a 35-unit ($293k/unit), newly renovated, garden-style property. The property, located at 5476 Kiowa Dr, approximately 15 minutes northeast of downtown San Dieg...
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• Bouwinvest Real Estate Investors and MacFarlane Partners Form a Joint Venture to Own and Operate Res High-Rises in L.A. and New York
8/08/18
Dutch institutional investor Bouwinvest Real Estate Investors and MacFarlane Partners have formed a joint venture to own and operate newly built residential high-rises in New York and Los Angeles with a combined total value o...
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• Burbank Industrial Park Trades for $85 Mil
8/08/18
BKM Capital Partners has acquired Backlot Burbank, a 12-building, 302.9k sf industrial business park in the city of Burbank. The property was sold for $84.75 mil by a joint-venture between Shubin Nadal Associates and Penwood ...
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• Merlone Geier Partners Spends $21 Mil on OC Retail Asset
8/08/18
Merlone Geier Partners purchased Warner West, a 73.4k sf, value-add retail redevelopment site in Huntington Beach, for $21.4 mil. The property was sold by a private family trust that has owned the asset for more than 45 years...
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• Retail Building in Los Angeles’ La Brea/Melrose Area Fetches $800/sf
8/07/18
An iconic retail property in the heart of L.A.’s thriving La Brea neighborhood sold for $4.1 mil, or $804/sf. The 5.1k sf building is located at 819 North La Brea Ave, a block or so north of Melrose Ave. Built in 1928 as a r...
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• New Res Project in L.A.’s Koreatown Lands $22 Mil in Financing
8/07/18
A joint venture between Index Real Estate Investments Inc and Ketter Construction has secured $22.3 mil in financing for the ground-up development of a 51-unit workforce multifamily property with 3.4k sf of ground-floor retai...
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• Los Angeles Multifamily Development Lands $35 Mil in Financing
8/06/18
Lion Real Estate Group has obtained $35 mil in financing on EastView Apartments, a newly completed, 121-unit, Class A apartment property adjacent to Downtown Los Angeles. The property is located at 327 N. Boylston St, just ou...
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• Medical Office Asset in Kearny Mesa Trades for $27.5 Mil
8/03/18
Vista Investment Group has acquired Seville Plaza, a 140.1k sf office property in San Diego’s Kearny Mesa submarket. The property was purchased in an off-market deal worth $27.5 mil ($196/sf). ::img12139:Seville Plaza is a ...
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• Culver City Development Site Sells for $700/sf
8/03/18
By Allen Wolfsheimer California Landmark Group has acquired a 10k sf development site in Culver City for $7 mil, or about $700/sf. The seller was Napa Industries. Fariba Kavian and Sam Monempour with NAI Capital represented...
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• Lincoln Property Company-Led Venture Buys 90k sf Office Asset in Newport Beach
8/03/18
In a notable office buy in Newport Beach, a joint venture between Lincoln Property Company and an institutional advisor has purchased a seven-story, 90.7k sf building located at 1500 Quail St for $32.14 mil ($354/sf). The pro...
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• Draftsmen & Craftsmen
8/03/18
The city of Laguna Niguel has broken ground on Crown Valley Park Community Building, a 30k sf, three-story building in the southern OC city. The $25 mil project marks the final phase of a three-tier improvement plan for Crown...
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• Honey to Sweeten L.A. Arts District Office Market
8/02/18
By Allen Wolfsheimer Honey, an online coupon firm, has agreed to lease an entire 130k sf building in downtown L.A.’s Arts District that was constructed and occupied by Coca-Cola as a syrup manufacturing plant. According to a...
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• West Coast Capital Partners Completes Office Buy in Cerritos
8/02/18
West Coast Capital Partners has acquired 12800 Center Court Drive South, a five-story, 105k sf Class A office building in Cerritos. The property was sold by an affiliate of Transpacific Development Company. Built in 2009, th...
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• Recent Lease Signings Account for 70% of Chino Distribution Project
8/02/18
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...
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• Brandywine Homes Starts Work on Townhome Community Next to Candlewood Country Club in Whittier
8/01/18
Brandywine Homes has broken ground at Candlewood Villas, a 53-townhome community located on 3.96 acres adjacent to the Candlewood Country Club golf course in Whittier. The project is scheduled to open for sale by March 2019. ...
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